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Olympic Games

Betting Tips

7/27/12

While still a month away, the Olympic Games will take place this summer in London and will present astute bettors with plenty of opportunities to cash in. You'll be able to bet on such non traditional betting events like weight lifting, gymnastics, track and field events, badminton, and more. Sharp bettors will have already started doing their homework on these events and will be licking their chops for the games to begin.

The Summer months can be a drag for sportsbooks as the betting world sits back and waits for the almighty football season to begin. Sportsbooks will attempt to put as many propositions on the table for the Olympic games as they possibly can in an attempt to drum up some interest and that's where your potential edge can be found. You're on a level playing field with the sportsbooks when it comes to most of these events. They aren't used to making odds on something like the pole vault. It's not something they do every day, or every year, for that matter. Mistakes will be made.

5 Dimes Sportsbook already has some props listed, such as over under numbers for total medals won, by Country. You can even wager on some Country vs. Country Gold medal props. For example, the United States is a -140 favorite to win more Gold Medals than China.

Bettors beware though. Making money betting on the Olympic Games may require you to wager against your Country! Just as a bettor can't have favorite teams when betting traditional sports, you have to leave patriotism at the door when betting the Olympics. In many events, you'll be getting extraordinary value betting against the US as sportsbooks with a heavy US clientele will no doubt be taking tons of action on all US contestants regardless of their talent level. If an American has the chance for a gold medal in a big event, you can be sure their odds will be out of whack because people will push money through the windows like crazy.

No different than investing in foreign markets. You have to be able to separate your love for your country and your love for your own bottom line financially. Start doing your homework now. Opportunities await!

 

Listed below are some odds from 5 Dimes on most medals won as well as country vs. country matchups.

 

Olympics Other Sports   Money Line    
Olympic Games London 2012 - United States gold medals
Fri 7/27   101 USA total gold medals won over 38½    +120         
6:00AM   102 USA total gold medals won under 38½    -150         
Olympic Games London 2012 - China gold medals
Fri 7/27   103 CHN total gold medals won over 36½    -130         
6:00AM   104 CHN total gold medals won under 36½    +100         
Olympic Games London 2012 - Russia gold medals
Fri 7/27   105 RUS total gold medals won over 25½    -110         
6:00AM   106 RUS total gold medals won under 25½    -120         
Olympic Games London 2012 - Germany gold medals
Fri 7/27   107 GER total gold medals won over 15½    -105         
6:00AM   108 GER total gold medals won under 15½    -125         
Olympic Games London 2012 - Great Britain gold medals
Fri 7/27   109 GBR total gold medals won over 21½    -160         
6:00AM   110 GBR total gold medals won under 21½    +130         
Olympic Games London 2012 - Australia gold medals
Fri 7/27   111 AUS total gold medals won over 14½    +200         
6:00AM   112 AUS total gold medals won under 14½    -260         
Olympic Games London 2012 - France gold medals
Fri 7/27   113 FRA total gold medals won over 11½    +105         
6:00AM   114 FRA total gold medals won under 11½    -135         
Olympic Games London 2012 - Japan gold medals
Fri 7/27   115 JPN total gold medals won over 9½    +135         
6:00AM   116 JPN total gold medals won under 9½    -165         
Olympic Games London 2012 - Italy gold medals
Fri 7/27   117 ITA total gold medals won over 9½    +125         
6:00AM   118 ITA total gold medals won under 9½    -155         
Olympic Games London 2012 - South Korea gold medals
Fri 7/27   119 KOR total gold medals won over 10½    -120         
6:00AM   120 KOR total gold medals won under 10½    -110         
Olympic Games London 2012 - gold medals matchups
Fri 7/27   151 USA total gold medals won    -140         
6:00AM   152 China total gold medals won    +110         
Fri 7/27   153 Russia total gold medals won    -195         
6:00AM   154 Great Britain total gold medals won    +160         
Fri 7/27   155 Germany total gold medals won    -165         
6:00AM   156 Australia total gold medals won    +135         
Fri 7/27   157 France total gold medals won    -155         
6:00AM   158 South Korea total gold medals won    +125         
Fri 7/27   159 Japan total gold medals won    +100         
6:00AM   160 Italy total gold medals won    -130         

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